b. What is the role of leadership in creating, managing, and sustaining innovation in your organization?
c. What are the ethical implications of an individual reward system? Support your answer.
d. Would you describe your organization as innovative or non-innovative? Why? Explain your answer. FOR this Question Please look at a Company that maybe in the Import/Export field.
a. How would you identify and characterize the roles of incentives, training, and education in promoting innovation in your organization?
Creativity and innovation are on the menu of skills that companies are now looking for in recruiting employees. This is why companies are increasingly hiring graduates of arts schools.
For existing employees, according to a Boston Consulting Group survey, not enough companies link incentives to innovation, "...while many companies clearly recognize the potential impact of metrics on behavior, very few firms attempt to aggressively leverage it by tying employee incentives directly to metrics. Indeed, less than a fourth of respondents said their companies link the two consistently, and nearly a third of our respondents said that their companies do not link incentives to innovation metrics at all."
Measuring Innovation 2006 PDF attached
I know from my own experience that while many companies may not have explicit incentive programs to motivate innovation, many recognized innovation implicitly in their mainline compensation programs. However it is up to the supervisor to recognize an employee's innovation contribution.
There are however, some employee suggestion programs that offer incentives for innovation. One example is Canon - when employees make a suggestion for a new idea to benefit the company, they are awarded variable amount of points. Every year the company has a President's Award to the top 20 employees who have acquired the most points since the program began. They are awarded cash and a gold medal.
While employers indicate that creativity skills are important, they are not doing much ...
Innovation and creativity are becoming critical to the success of organizations. The problem is that many business schools do not teach courses on creativity and innovation. This solution presents some suggestions.